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Scotiabank will nail JPMorganChase for metals market rigging, London trader Maguire says
Submitted by cpowell on Fri, 2020-08-28 04:28. Section: Daily Dispatches
12:28a ET Friday, August 28, 2020
Dear Friend of GATA and Gold:
The fine of $124 million that Scotiabank has agreed to pay the U.S. government for manipulating the gold and silver markets with "spoofing" is tiny compared to the offense, London metals trader Andrew Maguire says in his interview this week with Shane Morand of Kinesis Money, but that's because the fine is not the end of the case against the bullion bank.
Scotiabank, Maguire says, remains vulnerable to criminal charges of wire fraud and so is cooperating with the U.S. Justice Department in prosecution of the biggest gold and silver market-rigger of all, JPMorganChase.
Further, Maguire adds, the prosecution is linked to a pending "reset" of gold and silver prices.
In connection with that "reset," Maguire says, the Bank for International Settlements has built an unprecedentedly large unallocated foreign-exchange gold position as it distributes desperately needed metal to banks around the world.
Behind the extraordinary recent volatility of the gold and silver markets, Maguire says, the banks are striving to shake out speculators while getting long themselves.
Maguire's interview is 31 minutes long and can be viewed at YouTube here:
Anglogold Ashanti invests additional $5.0 Million and Increases Ownership to 16%
https://finance.yahoo.com/news/pure-gold-mining-raises-5-103000348.html
Warren Buffet is selling big banks and buying gold.
https://www.thestreet.com/investing/buffett-takes-barrick-gold-stake?puc=yahoo&cm_ven=YAHOO&yptr=yahoo
Warren Buffet is selling big banks and buying gold.
https://www.thestreet.com/investing/buffett-takes-barrick-gold-stake?puc=yahoo&cm_ven=YAHOO&yptr=yahoo
PureGold Resumes Operations at Site
https://ca.sports.yahoo.com/news/puregold-resumes-operations-103000879.html?src=rss
Very good. Pictures of a few pieces of rock. Does this prove "BILLIONS"? LOL. Documented evidence of drilling, proven or probable resources. I or anyone else could take some pictures of ore or gold and post them on the internet. Lots of old mine shafts out there. Good luck though.
I have answered my own question. Common sense. These are not true depths. Depending on the angle of drilling.
Produce drill hole facts and the argument will be over. No facts have been proven. No evidence of a single ounce of resource has been shown. Without that evidence it would appear to me that the only mining that will happen is the mining of shareholders pockets. Prove the doubters wrong.
I wish I had noticed this at .55. I will feel fortunate to get my average down (if I can) to 1.40. A few month from now though I expect that will look cheap.
Added a few more today. I wonder how low it can go. I will continue to add if it continues to drop.
I think we still have a while to wait. The value is there, but we must wait for a significantly higher oil price.
Energy Transfer: A Compelling Value Play
https://seekingalpha.com/article/4367253-energy-transfer-compelling-value-play
McEwen Mining (MUX) Q2 2020 Earnings Call Transcript
https://www.nasdaq.com/articles/mcewen-mining-mux-q2-2020-earnings-call-transcript-2020-08-08
Clarity? What are they going to mine? I have seen no proof they have any resources or reserves. I have seen no feasibility study, not even a PFS. It is your money, do as you like, but I would not touch this thing.
Between now and production I want to double my holdings again. I wont mind if it is a a lower price.
Wow, you just now saw the report? It is not only MUX, take a look around.
Nice Quarter. Maybe we have turned the corner. My thinking is the shorts will now be forced to cover.
https://www.globalbankingandfinance.com/category/news/pretivm-reports-second-quarter-2020-operating-and-financial-results-strong-production-at-brucejack-generates-record-free-cash-flow/
I increased holdings in pure gold by 50% today. Good luck to all.
Acceleware whitepaper demonstrates how electrification through RF XL could result in zero-GHG emissions for oilsands and heavy oil producersAcceleware whitepaper demonstrates how electrification through RF XL could result in zero-GHG emissions for oilsands and heavy oil producers
https://www.jwnenergy.com/article/2020/7/acceleware-whitepaper-demonstrates-how-electrification-through-rf-xl-could-result-zero-ghg-emissions-oil-sands-and-heavy-oil-producers/
"Seems all Miners coming up Short on Earnings due to Covid Virus". I really dont think that caught anybody off guard.
One quarter does not make or break a company. If it did there would be no companies. ("looks like this wasn't undervalued like the analyst's said...") We shall see. It is also not a good idea to listen to the "experts". They often have their own agendas.
Thanks JD400. Good interview
I have already checked out the other one. It is an interesting property. Open pits oar normally only to 200-250 meters and anything deeper than that is normally undergroung mining. As I am sure you are aware the cut off grade for underground is normally much higher than 1 or two grams per ton. That is why I was asking if yi=ou knew something that I do not. It looks like they will have resources for an open pit,
but why drill so deep if open pit is what they have in mind.
I have held the shares I have for years. I look at this one as a long term investment. It is frustrating to see it go up and down, but for me the up has been a lot more than the down. If this quarter is not up to par, I do have my eye on another one (that I already hold a few shares in) that I will take about 20% of PVG off the table and put there. I do expect a comparitively good report from PVG though
These days of decreasing share price while gold price increases kind of make me wonder if desperate shorts are not attempting to manipulate. If it were only pure gold I would not be suspicious, but it seems to be wide spread.
These days of decreasing share price while gold price increases kind of make me wonder if desperate shorts are not attempting to manipulate. If it were only PVG I would not be suspicious, but it seems to be wide spread.
These are great grades for open pit mining, but from what I am seeing most of it is too deep for open pit. If there is something I am not understanding please inform me.
These days of decreasing share price while gold price increases kind of make me wonder if desperate shorts are not attempting to manipulate. If it were only mux I could dismiss it, but every gold position I am in is acting the same way.
To date 2020 drill results. Quite impressive to me.
https://puregoldmining.ca/sites/default/files/2020-DH-Intercepts-Table-July28.pdf
GOLD: Pure Gold reports high grade stepouts from Red Lake
http://www.canadianminingjournal.com/news/gold-pure-gold-reports-high-grade-step-outs-from-red-lake/
JP MORGAN and Goldman always make the calls they desire. I have posted in the past with links to proof that they say sell when they are buying and buy when they are selling. I would not pay the slightest attention to what they say. There are very few "experts" out there that I will listen to.
"A JV deal could never happen"? Anything could happen. Is it likely to happen?I hope it does, but I certainly would not count on it.
It is sad to see folks get taken, but all one can do is warn. Then it is totally up to them.
I would tend to agree with you. I think gold will run for a few months.
This is from their PR is comical. "assays and an appraisal of the mineral reserves". As far as I can tell, they have no "reserves". If folks want to give them their money after being made aware, it is their money. I however agree that this is a scam.
Pure Gold receives amended air and noise permit ahead of Q4 production
https://www.mining.com/pure-gold-receives-amended-air-and-noise-permit-ahead-of-q4-production/
I doubled down on this one today. A lot to like here IMHO
The following is of course in Canadian $
https://www.modernreaders.com/news/2020/07/21/pure-gold-mining-otcmktsorrlf-given-new-4-00-price-target-at-scotiabank.html